On Thursday, Shares of E I Du Pont De Nemours And Co (NYSE:DD), lost -0.71% to $58.48.
E I Du Pont De Nemours And Co, declared a licensing agreement to start the development of China’s largest cellulosic ethanol manufacturing plant, located in Siping City, Jilin Province, China. The agreement allows NTL to license DuPont’s cellulosic ethanol technology and use DuPont(TM) Accellerase(R) enzymes, to produce renewable biofuel from the leftover biomass on Jilin Province’s highly productive corn farms. NTL is working to secure the necessary government approvals and support to implement this agreement.
Officials from DuPont, NTL, Siping City and Lishu County in Jilin Province praised the declarement as a milestone in the global renewable fuel marketplace. Combining NTL’s ethanol production expertise with processing technology, technical support and world-class enzymes supplied by DuPont, NTL will be able to produce cellulosic renewable fuel for the rapidly growing Chinese liquid biofuel market, which is projected to exceed 1.7 billion gallons per year by 2020. “As we bring online the largest and most sophisticated cellulosic facility in the world in the State of Iowa in the United States, we are simultaneously working with leaders who share the same vision of producing the next generation of clean renewable fuels in their region,” said Jan Koninckx, global biofuels leader for DuPont Industrial Biosciences. “We are honored to have found such a strong partner in NTL. The company’s reputation for producing world-class grain ethanol makes it a superior candidate to put DuPont’s advanced technology to work to realize the additional economic and environmental benefits of cellulosic biofuel in China.”
- I. du Pont de Nemours and Company operates as a science and technology based company worldwide. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, seed products, wheat, rice, herbicides, fungicides, and insecticides.
Shares of CVS Health Corp (NYSE:CVS), declined -0.71% to $110.19, during its last trading session.
CVS Health Corporation will be holding a conference call on Tuesday, August 4, 2015, at 8:30 a.m. (EDT) with analysts and investors to talk about its second quarter financial results.
CVS Health Corporation, together with its auxiliaries, provides integrated pharmacy health care services in the United States. The company operates through Pharmacy Services and Retail Pharmacy segments.
At the end of Thursday’s trade, Shares of Tractor Supply Company (NASDAQ:TSCO), gained 0.72% to $95.46.
Tractor Supply Company declared financial results for its second quarter ended June 27, 2015.
Second Quarter Results
Net sales raised 11.9% to $1.77 billion from $1.58 billion in the preceding year’s second quarter. Comparable store sales raised 5.6% as compared to a 1.9% enhance in the preceding year period. The enhance in comparable store sales was broad based and driven by enhances in both traffic and ticket. Comparable store transaction count raised 4.2% and average ticket raised 1.3%. The comparable store sales enhance benefited from a solid performance in seasonal items, counting big ticket, and consumable, usable and edible (C.U.E.) products. Seasonal and big ticket items comprised of riding lawn mowers and trailers. C.U.E. was driven principally by strong sales in pet and animal categories. These enhances were partially offset by deflation.
Tractor Supply Company operates rural lifestyle retail stores in the United States. It offers a selection of merchandise, counting equine, livestock, pet, and small animal products necessary for their health, care, growth, and containment; hardware, truck, towing, and tool products; seasonal products, such as heating products, lawn and garden items, power equipment, gifts, and toys; work/recreational clothing and footwear; and maintenance products for agricultural and rural use. As of March 28, 2015, the company operated 1,422 stores in 49 states.
Finally, STMicroelectronics NV (ADR) (NYSE:STM), ended its last trade with 7.68% gain, and closed at $7.99.
STMicroelectronics stated financial results for the second quarter and first half-ended June 27, 2015.
Second quarter net revenues totaled $1.76 billion, gross margin was 33.8% and net income was $35 million.
“Our second quarter performance was substantially in line with our expectations in terms of revenues, gross margin, operating margin and free cash flow generation,” commented Carlo Bozotti, President and CEO of STMicroelectronics.
“More specifically, our microcontroller business enjoyed further expansion of the STM32 ultra-low-power families into Internet of Things, mobile and industrial applications; our Analog, MEMS and Sensors business benefited from our diversified offering, counting microphones and touchscreen controllers, into large customers; sales in Industrial, Power and Discrete were fueled by discrete and power transistor products for mobile and industrial markets, and our Automotive business enjoyed good traction in advanced safety systems with premium car makers in addition to in 32-bit microcontrollers. Our Digital Products revenues were stable on a sequential basis with growth in ASICs.”
STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. The company offers a range of semiconductor products, counting discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, micro-electro-mechanical systems, microcontrollers, sensors, digital consumer products, imaging products, memory products, media application processors, and application-specific standard products for analog, digital, and mixed-signal applications, in addition to silicon chips and smartcards.
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